US Group Calls For Washington to Investigate MMG Nickel Deal (1)

The American Iron and Steel Institute has asked the White House to intervene in a $500 million deal in Brazil that it claims could give China greater control over global nickel reserves, though buyer MMG Ltd. has rejected the claims.

Anglo American Plc said in February that it would sell its Brazilian nickel mines to MMG, a Hong Kong listed company controlled by state-owned China Minmetals Corp. The transaction is expected to close this quarter.

In a letter sent to US Trade Representative Jamieson Greer on Aug. 18, the institute argued the potential acquisition would give Beijing “direct influence” ...